India Metal Powder Market Size & Outlook, 2020-2027
India metal powder market, 2016-2027 (US$M)
Related Markets
India metal powder market highlights
- The India metal powder market generated a revenue of USD 214.5 million in 2020 and is expected to reach USD 353.2 million by 2027.
- The India market is expected to grow at a CAGR of 7.4% from 2021 to 2027.
- In terms of segment, press & sinter was the largest revenue generating technology in 2020.
- Additive Manufacturing is the most lucrative technology segment registering the fastest growth during the forecast period.
Metal powder market data book summary
| Market revenue in 2020 | USD 214.5 million |
| Market revenue in 2027 | USD 353.2 million |
| Growth rate | 7.4% (CAGR from 2020 to 2027) |
| Largest segment | Press & sinter |
| Fastest growing segment | Additive Manufacturing |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Press & Sinter, Metal Injection Molding, Additive Manufacturing |
| Key market players worldwide | Flywheel Advanced Technology Inc, Hoganas, MP Materials Corp Ordinary Shares - Class A, Rio Tinto PLC ADR, RUSAL, Sandvik AB |
Other key industry trends
- In terms of revenue, India accounted for 4.3% of the global metal powder market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China metal powder market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,444.5 million by 2027.
Press & sinter was the largest segment with a revenue share of 52.17% in 2020. Horizon Databook has segmented the India metal powder market based on press & sinter, metal injection molding, additive manufacturing covering the revenue growth of each sub-segment from 2016 to 2027.
Automotive application segment dominated the Indian metal powder market in 2019, with a volume share of over 73.0%. However, automotive demand is projected to decline in terms of volume over the forecast period.
Applications such as medical devices, biomedical implants, and prototypes used in aerospace and oil & gas industries are expected to attract significant product demand in the long run. However, the sluggishness of automotive sector in the country over the recent past is projected to negatively impact the market share of the sector.
The recent outbreak of COVID-19 is another factor that is projected to create a severe impact on automotive sales and dilute the sector growth in the short term. As per the Society of Indian Automobile Manufacturers, between April June 2020, passenger vehicle sales witnessed a sharp decline of 78.4% compared to the same period in 2019.
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Metal Powder Market Scope
Metal Powder Market Companies
| Name | Profile | # Employees | HQ | Website |
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India metal powder market size, by technology, 2016-2027 (US$M)
India Metal Powder Market Outlook Share, 2020 & 2027 (US$M)
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